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Mrunmai Deshpande   14 June 2016 at 19:18

Gift from father to son

How many times in a year, can a father gift money by cheque to his earning adult son without son paying gift tax ? Is documentation for each of this is necessary?
Please advice.

vinodkumarpal   11 June 2016 at 11:59

E Rickshaws commodity code & UPVat Rate

Dear Experts plz tell me in Uttar Pradesh E Rickshaws under which commodity code & UPvat Rate of E Rickshaws parts & Accessories thanks

shubham saxena   09 June 2016 at 11:48

Tep

Dear all experts, i would like to ask you that I'm suffering from false 498A,406,34 and 3/4 DP. In this case they have shown that they have given items worth Rs. 48 Laks and they have also filed a case under sec 13(i) asking for the the same 48 Laks for resolving. Now my question is that can I file a Tax Evasion Petition against them or my Father in law? will it help me in any form? They are resident of kolkata and I'm from kanpur. If i can file this then where i have to do this in kanpur or kolkata?
Thanks in advance.

nanjo   08 June 2016 at 21:50

Change in assessment jurisdiction

If pan data base address change updated then will it automatically change the AO or separately apply for to change ao. Is there any problem if I continue with the same old AO even if I change the address two three times.I heard that now adys CPC Bangalore is scruitinising the e filed returns. So is there any compulsory requirement to change aO due to change in address even after updating the address change in pan database.

kishorchandra p mehta   08 June 2016 at 09:57

Incometax

sir,
I am individual,senior citizen and my total annual income for FY 2015-16 comes to
Rs 321945 (including interest of Rs
69547/-on fixed deposits with bank.)
While going through various tax calculators, they show tax liability as
2261/- while through IT Deptt.,website,
the tax liability is shown as Rs 201/-(including education cess etc.,)
Sir, would you kindly guide me what tax I should pay and before what date ?

Awaiting early guidance.
K.P.Mehta.

nanjo   06 June 2016 at 12:18

Pan card address change

Dear sir
Is it compulsory to change my ao code when my address change for e filing IT returns.Change of address is already entered in pan data base.But ao code is shown still old. Which AO will assess my e filed return in this case the present address AO or the old AO .

ars   06 June 2016 at 10:58

Sec. 80-d of income tax

in a co. for the group mediclaim policy for the employee and their family the annual premium is paid by the employer.

The policy is on sharing basis, where by the premium is paid on 50 -50 basis by the employer and the concerned employees.

The employees’ contribution (50%) are deducted from their salary.

The queries are :
1. Whether the individual employee shall claim deduction u/s 80D for the 50% or part of premium paid by it, during the FY.

2.Whether the premium paid by the employer (50% or part) amounts to perquisites ?– taxable in the hands of the employee?

request to reply with citation from the act / tax laws.

AJAY KUMAR   06 June 2016 at 09:49

For open depot/branch in other state

Sir,

We have to open Depo/Branch in other state Nagpur (M.H.)for billing purpose. Kindly confirm requirement for these.

richa   05 June 2016 at 22:40

Taxation of trust

Hi, Hoping to find a piece of advice from you. My query is- An educational society registered under The Society's act has gross receipts for AY 2014-15 as rs.128 lakhs and the amount applied for capital and revenue expenditure is Rs.135 lakhs. The trust does not have registration u/s 12A and nor does it have approval u/s 10(23C) also the ITR 7 was filed under Income from other sources for claiming exemption u/s 11 of the Income Tax Act,1961.Now CPC has issued an order for taxing Gross receipts of Rs.128lakhs ignoring amount applied. Please advise if CPC is correct? if yes, how? and how should this be dealt with?

PLS guide


Rama mohan Acharya   02 June 2016 at 12:03

Transfer of property nd income tax

Both Husband & wife are salaried employees. They have one house at Delhi. Though there is nothing stated in the deed regarding proportion of ownership, husband claims 92% & wife claims 8% on housing loan for the purpose of Income tax.
Now they have purchased another house at Lucknow in joint name. Here also they have taken housing loan in joint name. No share of ownership is defined. Husband's name appears first & wife's name come later in the Deed. Loan is also in the same pattern.
Husband wants to avail full benefit of Income tax on Housing Loan on the property of Lucknow. He wants to execute some document for Delhi property so that wife will be sole owner & can claim full benefit of Income Tax rebate.
Is it possible? If yes, what will be the procedure.